Economy

Charting a Path for President Bola Ahmed Tinubu Amidst High Expectations By Zachariah Adigizi Hyellamada Tinubu steps into a nation weighed down by simultaneous challenges in security and economy. The Nigerian populace anticipates his…

FEC unveils three-year economic revival plan The Federal Executive Council (FEC) has unveiled a three-year economic revival plan to address the social and economic challenges affecting the country. The maiden cabinet meeting, which…

CBN threatens clampdown on BDC operators as Naira tumbles to 900/$ As the naira continues to defy efforts to tame its slide, the Central Bank of Nigeria (CBN) has threatened to revoke operating the licences of Bureau De Change (BDC)…

Oil marketers, on Monday, said the foreign exchange crisis in Nigeria and the recent implementation of a 7.5 per cent Value Added Tax on Automotive Gas Oil, popularly called diesel, had pushed up the cost of the commodity to between N900…

Rice produced from the Lagos State-owned 32-metric tonnes per hour Imota Rice Mill in Ikorodu has now hit the market, with the listing of the commodity for trade in Lagos Commodities and Futures Exchange (LCFE) on Tuesday. This was…

The Kano State Government has reaffirmed its commitment to strengthen diplomatic relations with France. This is contained in a statement by Alhaji Ibrahim Shuaibu, Press Secretary to the state Deputy Governor, Alhaji Aminu Gwarzo, on…

The National Economic Council (NEC) has disclosed that it is considering recommendations from the National Salaries Income and Wages Commission to pay N702bn as a cost of living allowance to civil servants as part of intervention plans to…

President Bola Ahmed Tinubu Policy Advisory Council has recommended the declaration of a state of emergency on revenue generation in the country. The council also proposed the merger of the Federal Inland Revenue Service, Nigerian…

The Central Bank of Nigeria (CBN) has confirmed the operational changes to the foreign exchange market. In a statement on Wednesday by Angela Sere-Ejembi, Director, Financial Markets of CBN, the apex bank affirmed the abolishment of…

Tinubu did not remove subsidy – Keyamo The Chief Spokesman for the All Progressives Congress Presidential Campaign, Festus Keyamo, has said President Bola Tinubu did not remove fuel subsidy. According to him, a section of the media is…